25 Sep 099
National Tax Liaison Group (NTLG) & Division 7A Working Party

Today, 25 September 2009, Ken Schurgott FTIA (SBN Lawyers), Michael Hine FTIA (KPMG), Noel Beharis FTIA (Dominion Private Clients), Taxation President Joan Roberts (Harwood Andrews) and Vice President David Williams FTIA represented the Taxation Institute at a meeting with the ATO and members of the NTLG and Division 7A Working Party. The purpose of this meeting was to discuss the ATO's view in relation to the tax treatment of unpaid present entitlements of corporate beneficiaries under Division 7A. In preparation for this meeting, a conference call with representatives from other professional bodies was held on Wednesday 23 September 2009.